This is an another money maker -trading in high volumes -not yet started the race -But once moving ahead there is no chance of picking up this tiddler.Join together to enjoy the instant wealth

what time is the result come out

ckmtang
Results out on 29th (Thursday)

it still hasn`t come out yet.....

Can anybody tell me what the "unexpected windfall" for shareholders is likely to be ?

crostrad

The deal for sale of Fortune Aviation to China Aviation formalised at the EGM on 19 April. Since agreeing the figures the share portion of the deal has increased to shareholders in FTO in value from 17.6m to 29.5m and the whole deal enhanced in value from 31.8m to 49.8m.

However, I do worry at the succession of delays in publishing the EOY figures.

Best regards

Thanks for that,--Would I have to have held shares on a certain date to benefit from the deal ? I have been in and out of Fortune (sounds like hard times) since
February this year--odds on that I will slip down the crack!

Report has finally arrived.
No show stoppers as such, but immediate future of share price entirely dependent upon confirmation of Blue Sky sale which is still awaited, test of nerve methinks !

good report.

crostrad

shouldn't think so. There is no ex-div date as they are not paying a final and the deal itself is not yet final.

I imagine that they will announce a qualifying date for interims if the deal goes through and pay out as a component of the interim.

Just got back from work expecting to see some rise in the FTO shares and a conclusions to this unexpected windfall. Very new to the game and don't really understand what going on. I understand the price of FTO Aviation has increased in price but to receive a windfall!!!!!! I brought my shares via a broker!!! They just give you extra in shares or something???

Anyway, hoping someone can sort me out as I have been up before work looking for movement. Still a good buy I think.

dont think anyone knows exactly what form the windfall will take until after the sale is completed. could be just bigger profits for next year , or maybe a special dividend payment .

WOW! This one's dropping like a stone!

I HATE oil stocks! Or is it a MM tree-shake?

got to be a tree shake . theres f**k all wrong with the results and with the company. potential upside when the aviation deal goes through could be great . unless somebody out there knows of a problem.......

Me too - lying bunch of.......I expect half us are bloody traders with axes to grind..come on you chickens...show yourselves !!, still I'm hooked o this forn of GAMBLING...so there it is

What aviation deal ?

what the hell? maybe they've got wind of the cao deal falling through. i hate it when there are leaks but i'm beggared it i'll be panicked into selling. in fact my inclination is to top up but they raise and lower the price so quickly with fto that it changes before i can push the buy button.

SUJEEVANN ~ how wrong 'one' can be! ref your pose of 03/11.03 !!!!!

this aviation deal.

Fortune Oil shareholders to get unexpected gain from planned aviation ops sale
AFX


LONDON (AFX) - Fortune Oil PLC's shareholders will get an unexpected windfall if the company's planned sale of Fortune Aviation Holding Ltd to China Aviation Oil (Singapore) Corp Ltd goes ahead.

Fortune said on Feb 5 that it will hold an extraordinary general meeting to approve the deal on April 19.

Since that date the value of the cash and shares deal has increased as the value of CAO's shares have jumped 67 pct.

The share portion of the purchase price has consequently risen from about 17.6 mln stg to about 29.5 mln stg and the overall value of the deal has increased from about 31.8 mln stg to about 49.8 mln stg.

but its still awaiting clearance from the government. from results yesterday

In early 2004 we accepted an offer to sell our 24.5% stake in Bluesky to China
Aviation Oil (Singapore) Corporation Limited ('CAO'). We took the view that the
offered consideration, including shares and options in CAO, represented an
attractive value for our shareholders and the disposal was approved by
shareholders. However, we have subsequently been informed that CAO are still
waiting for final approval by the State-owned Assets Supervision and Administration
Commission of China for issue of CAO shares to Fortune Oil. As a result
completion has not yet taken place, but we have been working closely with CAO on
this and we will inform shareholders as soon as we have more information.

This beggers belief good results excellent medium to long term outlook expansion into Gas and a terminal working at full capacity taking over 10% of China's oil imports. Who's at play me asks! Time to buy me thinks!